What the Options Market Tells Us About e.l.f. Beauty
Portfolio Pulse from Benzinga Insights
e.l.f. Beauty (NYSE:ELF) has seen a mix of bullish and bearish sentiment in its options market, with 45% of trades being bullish and 54% bearish. The options trading has targeted a price range of $127.0 to $200.0. Currently, ELF's stock is slightly down by -0.46% at $161.75, with an RSI suggesting it may be overbought. Analysts have set an average price target of $169.8, with ratings ranging from Strong Buy to Equal-Weight. The largest options trades include calls with strike prices between $150.00 and $200.00.
February 02, 2024 | 8:31 pm
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NEUTRAL IMPACT
e.l.f. Beauty has experienced mixed options trading sentiment, with a current slight decrease in stock price to $161.75. Analysts have set varied price targets, with an average of $169.8.
The mixed sentiment in the options market, combined with a slight decrease in stock price and varied analyst ratings, suggests a neutral short-term impact. The stock's current price is close to the average analyst target, indicating potential stability.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100